1st Source Bank buys $261,651,907 stake in 1st Source Corporation (SRCE)

1st Source Corporation (SRCE) : 1st Source Bank scooped up 4,150 additional shares in 1st Source Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 26, 2016. The investment management firm now holds a total of 7,597,326 shares of 1st Source Corporation which is valued at $261,651,907.1st Source Corporation makes up approximately 28.35% of 1st Source Bank’s portfolio.

1st Source Corporation opened for trading at $34.64 and hit $34.83 on the upside on Monday, eventually ending the session at $34.74, with a gain of 0.87% or 0.3 points. The heightened volatility saw the trading volume jump to 29,747 shares. Company has a market cap of $898 M.

Other Hedge Funds, Including , Sawtooth Asset Management sold out all of its stake in SRCE during the most recent quarter. The investment firm sold 20,846 shares of SRCE which is valued $717,936.Metlife Securities Inc reduced its stake in SRCE by selling 148 shares or 64.35% in the most recent quarter. The Hedge Fund company now holds 82 shares of SRCE which is valued at $2,758. Strs Ohio sold out all of its stake in SRCE during the most recent quarter. The investment firm sold 23,300 shares of SRCE which is valued $783,579.Reinhart Partners reduced its stake in SRCE by selling 8,087 shares or 8.56% in the most recent quarter. The Hedge Fund company now holds 86,380 shares of SRCE which is valued at $2,904,959. 1st Source Corporation makes up approx 0.29% of Reinhart Partners’s portfolio.

1st Source Corporation is a bank holding company. The Company through its subsidiaries provides a range of financial products and services. 1st Source Bank its banking subsidiary offers commercial and consumer banking services trust and investment management services and insurance to individual and business clients through around 80 banking center locations in 17 counties in Indiana and Michigan. Its Specialty Finance Group offers financing services for new and used private and cargo aircraft automobiles and light trucks for leasing and rental agencies medium and heavy duty trucks and construction equipment. It provides commercial small business agricultural and real estate loans to privately owned business clients located within its regional market area. It offers loans for a range of general corporate purposes including financing for industrial and commercial properties financing for equipment inventories and accounts receivable and acquisition financing.

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